Month: April 2025
Business and tech leaders discuss the challenges and opportunities presented by AI’s widespread adoption
Artificial intelligence’s place in our world is growing rapidly, disrupting entire industries and changing the way people live and work. CNBC spoke with several business and tech leaders at the CONVERGE LIVE event in Singapore about the challenges and opportunities presented by the adoption of AI. “If you look at AI, what does it do? […]
Read More
Google faces £5 billion lawsuit in the UK for abusing ‘near-total dominance’ in search
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images LONDON — Google is being sued for over £5 billion ($6.6 billion) in potential damages in the U.K. over allegations that the U.S. tech giant abused its “near-total dominance” in the online search market to drive up prices. […]
Read More
China replaces top international trade negotiator as talks with Washington stall
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images China on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for international trade negotiation, according to an official statement, replacing Wang Shouwen. The appointment makes Li, 58, […]
Read More
A ‘stimulus wave’ is set to wash over Germany — and these stocks could benefit
Between Germany’s new coalition agreement and the country’s recent fiscal U-turn, stimulus is set to soar in Europe’s biggest economy. The fiscal package enshrined in Germany’s constitution in March includes changes to long-standing debt rules, paving the way for higher defense spending and a 500 billion euro ($548 billion) infrastructure and climate fund. Germany’s coalition […]
Read More
European markets set for a negative open as tariff uncertainty weighs on sentiment
Heineken revenue beats estimates but beer sales wane Beers on display at Winn-Dixie grocery store in Miami, Florida. Jeff Greenberg | Universal Images Group | Getty Images Dutch brewing giant Heineken posted a 4.9% year-on-year decline in first-quarter revenue to 7.78 billion euros ($8.85 billion) as beer sales fell 2.1%. Organic net revenue before exceptional items […]
Read More
CNBC’s The China Connection newsletter: The U.S. wants China to call. Why it won’t – for now
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images This report is from this week’s edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest […]
Read More
S&P 500 futures slide as Nvidia shares tumble, traders await retail sales data: Live updates
A trader works on the floor at the New York Stock Exchange on April 15, 2025. Brendan McDermid | Reuters U.S. stock futures slipped early Wednesday as investors looked ahead to the release of a key retail sales report and more earnings from the first-quarter season. Dow Jones Industrial Average futures dropped 328 points, or […]
Read More
Critical chip firm ASML flags tariff uncertainty after net bookings miss
Jaap Arriens | Nurphoto | Getty Images Dutch semiconductor equipment firm ASML on Wednesday missed on net bookings expectations, suggesting a potential slowdown in demand for its critical chipmaking machines. ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first three months of 2025, versus a Reuters reported forecast of 4.89 billion […]
Read More
China’s first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries
Dongsanhuan Ring Road, CBD, Beijing, China. Xiaoyang Liu/Construction Photography/Avalon | Getty Images China’s economy expanded by a better-than-expected 5.4% in the first quarter, maintaining a strong momentum, even as U.S. tariff threats prompt major investment banks to slash the country’s annual growth outlook. The first-quarter GDP topped Reuters’ poll expectations for a 5.1% growth year […]
Read More
Google receives cease and desist order from Japan’s antimonopoly watchdog over unfair practices
An attendee takes a photograph using a Google Pixel 9 smartphone during the CP+ trade show in Yokohama, Japan on February 27, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images The Japan Fair Trade Commission (JFTC) on Tuesday issued a cease and desist order against Google for unfair trade practices regarding search services […]
Read More